Theft or Damage Clause Samples

The 'Theft or Damage' clause defines the responsibilities and procedures in the event that property covered by the agreement is stolen or damaged. Typically, this clause outlines which party bears the risk of loss, the steps to be taken following an incident (such as notification and documentation), and any obligations regarding repair, replacement, or insurance claims. Its core function is to allocate risk and clarify the parties' duties, thereby preventing disputes and ensuring a clear process for handling losses due to theft or damage.
Theft or Damage. The University is not responsible for theft or damage to cars, bicycles, motorcycles, mopeds, scooters, or any other vehicle, or any contents stored on or within them.
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Theft or Damage. Landlord is not responsible for loss, theft, or damage to Tenant's property, nor for injury or damage caused by ▇▇▇▇▇▇'s use of the Premises. Landlord does not carry any insurance for Tenant's interest or ▇▇▇▇▇▇'s property.
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Theft or Damage. It is the responsibility of the student or staff member to insure the safety of their own mobile device: a) The school accepts no responsibility for lost, stolen or damaged mobile devices. b) The school accepts no responsibility for the loss, theft, or damage of a student's mobile device while traveling to or from school, or during school sanctioned events/trips. c) It is the responsibility of the student to secure their devices against loss. We suggest they ▇▇▇▇ their device with their name (physically or electronically), and conceal the device from view so as not to “advertise” they have them. d) We urge parents and/or students to insure their mobile devices for theft and damage..
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Theft or Damage. Boulder Street Moto is not responsible for damage to, or theft of, any member’s personal property to include, but not limited to, motorcycles, tools, parts, or supplies. The garage is an unsupervised workspace, and all members use it at their own risk.
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Theft or Damage. Students who bring a mobile device to school should have it secured in their locker/bag when they arrive to prevent loss or theft. Lockers should use school provided locks • Mobile devices that are found in the school and whose owner cannot be located should be handed to the school office • Antonine College accepts no responsibility for replacing lost, stolen or damaged mobile devices • It is strongly advised that students use passwords/pin numbers to ensure that unauthorised phone calls cannot be made on their phones (eg by other students, or if stolen). Mobile devices and/or passwords should not be shared • If a mobile phone is lost or stolen, parents and students are advised to report the loss/theft to their mobile carrier so that they can de-activate the SIM card and block the device
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Theft or Damage. If the Dredge is stolen or disappears, Lessee shall forthwith notify the appropriate local authorities and Lessor. If the Dredge is stolen or disappears, or is destroyed or so damaged that it cannot economically be placed in good working order, the Lease shall terminate and the resulting expense shall be borne as elsewhere provided in this agreement. Lessor shall have the right to verify such damage at its option.
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Related to Theft or Damage

  • Loss or Damage The District and its agents and authorized representatives shall not in any way or manner be answerable or suffer loss, damage, expense, or liability for any loss or damage that may happen to the Work, or any part thereof, or in or about the same during its construction and before acceptance, and the Contractor shall assume all liabilities of every kind or nature arising from the Work, either by accident, negligence, theft, vandalism, or any cause whatsoever; and shall hold the District and its agents and authorized representatives harmless from all liability of every kind and nature arising from accident, negligence, or any cause whatsoever.

  • Destruction or Damage (a) If the Premises or the Building is partially damaged by fire, earthquake, other insured peril, or other act of God, Landlord shall repair the same at Landlord’s expense, subject to the provisions of this Article and provided such repairs can, in Landlord’s reasonable opinion, be made within sixty (60) days. During such repairs, this Lease shall remain in full force and effect, except that if there shall be damage to the Premises or the Building and such damage is not the result of the negligence or willful misconduct of Tenant, Tenant’s employees, agents, or invitees, Rent shall be abated for such portion of Premises and period of time as the Premises was unusable by Tenant, provided that such abated rent is a covered loss payable to Landlord under its insurance policy. (b) If in Landlord’s reasonable opinion the partially damaged Premises or the Building can be repaired, but not within sixty (60) days, the Landlord may elect, upon written notice to Tenant within thirty (30) days of such damages, to repair such damages over a longer time period and continue this Lease in full force and effect, subject to rent abatement as described in the foregoing paragraph. Landlord’s notice shall include a good faith estimate of the expected completion date of such repair based on the best information reasonably available to Landlord prior to sending the notice. In the event such repairs cannot be made within an additional sixty (60) days, Tenant shall have the option to terminate this Lease provided that written notice is given to Landlord within thirty (30) days of receipt of Landlord’s notice stated in this paragraph. (c) If the partially damaged Premises or the Building is to be repaired under this Article, Landlord at its sole cost and expense shall repair such damages to the Building, the Premises and the Tenant Improvements supplied by Landlord herein. Except in the event of Landlord’s gross negligence or willful misconduct or the extent that Landlord receives insurance proceeds therefor, Tenant shall be responsible for repairing and/or replacing any damage to Tenant’s equipment, furniture and fixtures, and other Alterations, additions and improvements made by Tenant to the Premises and the Building. (d) If in Landlord’s reasonable opinion, the Premises or the Building is totally or substantially destroyed (i.e. cannot be repaired within sixty (60) days and Landlord does not elect to repair anyway or Tenant elects to terminate as provided above) by fire or other casualty, this Lease shall terminate upon notice by Landlord.

  • No Damage Any loss, damage or destruction, whether covered by insurance or not, affecting Company's business or properties;

  • Criminal damage 2.7.1 The Supplier will maintain standards of vigilance and will take all precautions as advised by the Criminal Damage (Compensation) (Northern Ireland) Order 1977 or as may be recommended by the police or the Northern Ireland Office (or, if replaced, their successors) and will compensate the Customer for any loss arising directly from a breach of this obligation (including any diminution of monies received by the Customer under any insurance policy). 2.7.2 If during the Call-Off Contract Period any assets (or any part thereof) is or are damaged or destroyed by any circumstance giving rise to a claim for compensation under the provisions of the Compensation Order the following provisions of this clause 2.7 will apply. 2.7.3 The Supplier will make (or will procure that the appropriate organisation make) all appropriate claims under the Compensation Order as soon as possible after the CDO Event and will pursue any claim diligently and at its cost. If appropriate, the Customer will also make and pursue a claim diligently under the Compensation Order. Any appeal against a refusal to meet any claim or against the amount of the award will be at the Customer’s cost and the Supplier will (at no additional cost to the Customer) provide any help the Customer reasonably requires with the appeal. 2.7.4 The Supplier will apply any compensation paid under the Compensation Order in respect of damage to the relevant assets towards the repair, reinstatement or replacement of the assets affected. Schedule 5: Guarantee [A Guarantee should only be requested if the Supplier’s financial standing is not enough on its own to guarantee delivery of the Services. This is a draft form of guarantee which can be used to procure a Call Off Guarantee, and so it will need to be amended to reflect the Beneficiary’s requirements] This deed of guarantee is made on [insert date, month, year] between: and (1) [Insert the name of the Guarantor] a company incorporated in England and Wales with number [insert company number] whose registered office is at [insert details of the guarantor's registered office] [or a company incorporated under the Laws of [insert country], registered in [insert country] with number [insert number] at [insert place of registration], whose principal office is at [insert office details]]('Guarantor'); in favour of (2) The Buyer whose offices are [insert Buyer’s official address] (‘Beneficiary’)

  • Minor Damage In the event that a Property is damaged or destroyed by fire or other casualty prior to the Closing, and the cost of Repairs is equal to or less than ten percent (10%) of the Purchase Price for such Property, then this transaction shall be closed in accordance with Section 11.3, notwithstanding such casualty. In such event, applicable Seller may at its election endeavor to make such Repairs to the extent of any recovery from insurance carried on the Property, if such Repairs can be reasonably effected before the Closing. Regardless of applicable Seller’s election to commence such Repairs, or applicable Seller’s ability to complete such Repairs prior to Closing, this transaction shall be closed in accordance with Section 11.3 below.